Flex-backed baby monitor developer Nanit has closed a $21m funding round, bringing its total equity to $50m four years after the corporate made its investment.

Nanit, a US-based baby monitor and sleep tracker developer backed by supply chain services provider Flex, closed a $21m funding round on Tuesday co-led by Jerusalem Venture Partners (JVP).

Upfront Ventures, RRE Ventures and Rho Capital Partners co-led the round.

Nanit markets an artificial intelligence-powered camera that tracks and analyses a baby’s sleep, can be linked to a real-time breathing motion monitoring system and serve as the basis for a digital scrapbook app that captures meaningful moments.

The capital has…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.